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Completion Of Genesis PGM-Cu-Ni Project, Exploration Program
ONTARIO – New Age Metals Inc. reported on the completion of the 2025 exploration program at its Genesis PGM-Cu-Ni Project. The project is located in southeast Alaska, about 65 km south of the community of Glenallen and about 265 km east of Anchorage.
The project is located within 3 km of the all season paved Richardson highway and a high-capacity electric power line. Theproperty comprises 4,144 hectares of State of Alaska mining claims. Two separate settings of magmatic reef-style mineralization occur: chromate-hosted Platinum Group Metals (PGM) returning up to 2.4 g/t palladium (Pd) and 2.4 g/t platinum (Pt); and nickel-copper (Ni-Cu)-bearing sulphide mineralization with values up to 0.96% Ni and 0.58% Cu.
Reef-style cumulate mineralization is open to the west, east, north and at depth, plus mineralization has been identified in outcrop for 2,000 metres along strike, with a 40-metre true thickness. Known PGM mineralization covers a distance of 9 km across the prospect. The target areas have never been drilled.
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